Futures and Commodity Market News

Potential Ross Stores (ROST) Trade Has 3.77% Downside Protection

Mar 08, 2018 (Marketintelligencecenter.com via COMTEX) --

Ross Stores (<a href="http://www.marketintelligencecenter.com/symbol/ROST">ROST</a>) closed Mar 7, 2018 at $75.40 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Ross Stores for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $37.50 call and a short position in the Apr 20, 2018 $75 call for a net debit of about $36.70. This trade has an assigned return of 2.17% and 1.59% downside protection. For more a more conservative play, look at a covered call using the Apr 20, 2018 $75 call for a $36.70 net debit. This trade has an assigned return of 3.37% but the downside protection increases to 3.77%. Over the last 52 weeks the stock has traded between $52.85 and $85.66.A